Sacramento will also invest $200 million in 500 Startups, a seed fund company to help tech startups.

Johnson said in his address that Urban Hive will be taking over the First Northern Bank location, which will develop input-output labs across the street from the arena to develop new entrepreneurship opportunities.

Johnson also addressed several ways city's leaders and the community plan to help the homeless. The city has invested $5 million toward efforts to help the homeless. Johnson said Sutter Health has pledged to match that amount.